Yeah, University of Toledo does provide scholarships based on merit. Here are some of them:

Toledo Excellence Scholarship
Total Worth: $14,500
Eligibility: $14,500
Minimum Criteria: GPA: 3.59, SAT: 1330, ACT: 29
Requirement for maintenance: Renewal criteria includes maintaining a 2.75 cumulative GPA and earning 27 UToledo credit hours within two semesters of the academic year.

Regents Scholarship
Total Worth: $13,500
Eligibility: $13,500
Minimum Criteria: GPA: 2.99, SAT: 1130, ACT: 23
Requirement for maintenance: Renewal criteria includes maintaining a 2.75 cumulative GPA and earning 27 UToledo credit hours within two semesters of the academic year.

Trustees Scholarship
Total Worth: $12,000
Eligibility: $12,000
Minimum Criteria: GPA: 2.99, SAT: 1030, ACT: 20
Requirement for maintenance: Renewal criteria includes maintaining a 2.75 cumulative GPA and earning 27 UToledo credit hours within two semesters of the academic year.

University of Toledo provides aids at an average of 10896 per student meeting 59% of students need. 100% of students with need receive financial aid at an average of 8827 need-based grant. They also provide other scholarships including Levis Leadership Scholarship and UToledo Legacy Scholarship.